The recent increase in interest rates announced by the Bank of England leaves us with no more clarity about the direction of monetary policy than we had before the micro-adjustment.
Indeed, the increase raises rather more questions than it resolves. Ostensibly, the 0.25% move simply reverses the rather ill-judged post referendum cut. However, we have no clear understanding...
Joined with 21 Partners
Consequences could be more severe than in stress tests
Move to variable operating expenses
Set to happen on 4 April